Organic Spice Market Analysis

Organic Spice Market Analysis

Organic spice market from chili is anticipated grow at a significant CAGR of over 10% during prescribed timeframe to reach USD 7.40 billion by 2027. Organic chili is widely used in adding flavor and pungency to culinary preparation. Also, it is used in multiple cuisines includes Indian, Mexican, and American which led to increase its consumption around the worldwide. Therefore, these wide applications of organic chili led to fuel its industry expansion.
 

Additionally, organic chili contains vitamin C that act as an antioxidant which aids to fights cell damage and has an anti-inflammatory effect and thereby aids to boost the immune system. Moreover, the changing eating habits of consumers or instance, shift towards natural and organic ingredients along with the spicy food will drive the demand for organic chili in the food industry over the coming years.
 

Culinary application of organic spice market holds over 25% industry share in 2020 and is anticipated to reach over USD 14.35 billion by 2027. Extreme application of organic ingredients such as ginger, chili, turmeric, and coriander in the food industry to prepare side and main course dishes will contribute towards organic spices industry outlook.
 

Additionally, the customers have shifted their preference towards organic ingredients owing to the health benefits pertaining includes strong immunity especially post the Covid-19 outbreak. Growing food and HoReCa Industry around the world in the recent scenario will boost the market statistics in the coming years. As consumers around the worldwide want to try new and innovative culinary and a wide range of cultural food especially Indian food and curry should support the market expansion.
 

Asia Pacific organic spice market is projected to surpass USD 25.11 billion by 2027. The booming food industry in the Asia Pacific region may drive the demand for organic spice over the given timeframe. The existence of several agro-climatic zones and seasonal variations will further support the Asia Pacific organic spices production. Moreover, the Asia Pacific region has traditional and well-established agricultural practices for organic spices farming which positively impacts the growth of the market in the region.
 

Furthermore, the increase in disposable income of consumers and change in lifestyle in the region are projected to increase the demand for organic and natural ingredients in the daily diet and support the regional market size. In the Asia Pacific, India hold the dominating position in the world spice trade, where China is also one of the key exporters of seasonings and spices around the globe. Therefore, these well-established spices market in the Asia Pacific should drive the industry dynamics over the coming years.